Toroso Investments LLC Purchases 32,767 Shares of Altria Group, Inc. (NYSE:MO)

Toroso Investments LLC increased its stake in shares of Altria Group, Inc. (NYSE:MOGet Rating) by 52.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,289 shares of the company’s stock after acquiring an additional 32,767 shares during the quarter. Toroso Investments LLC’s holdings in Altria Group were worth $4,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GQG Partners LLC boosted its stake in shares of Altria Group by 47,901.8% in the 4th quarter. GQG Partners LLC now owns 9,179,381 shares of the company’s stock valued at $434,956,000 after purchasing an additional 9,160,258 shares in the last quarter. Vanguard Group Inc. lifted its position in Altria Group by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 157,264,573 shares of the company’s stock worth $8,217,074,000 after buying an additional 3,101,529 shares in the last quarter. State Street Corp lifted its position in Altria Group by 3.4% during the 4th quarter. State Street Corp now owns 71,762,274 shares of the company’s stock worth $3,465,063,000 after buying an additional 2,371,300 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Altria Group by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock worth $1,896,798,000 after buying an additional 2,178,596 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Altria Group by 1.8% during the 1st quarter. BlackRock Inc. now owns 119,840,218 shares of the company’s stock valued at $6,261,650,000 after purchasing an additional 2,098,737 shares during the period. Institutional investors own 59.75% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of a number of research reports. Cowen lowered their target price on Altria Group from $56.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, June 27th. Bank of America reduced their price target on Altria Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, July 8th. Cowen cut their price target on Altria Group from $56.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, June 27th. StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Altria Group from $60.00 to $46.00 and set a “buy” rating for the company in a report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.00.

Altria Group Stock Down 2.8 %

Altria Group stock opened at $41.76 on Thursday. The business’s 50-day moving average price is $44.16 and its two-hundred day moving average price is $48.94. Altria Group, Inc. has a 12-month low of $41.00 and a 12-month high of $57.05. The stock has a market cap of $75.20 billion, a PE ratio of 43.05, a P/E/G ratio of 1.45 and a beta of 0.59.

Altria Group (NYSE:MOGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.42 billion. Altria Group had a negative return on equity of 488.86% and a net margin of 6.88%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, analysts expect that Altria Group, Inc. will post 4.85 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 15th will be issued a dividend of $0.94 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, September 14th. This represents a $3.76 dividend on an annualized basis and a yield of 9.00%. Altria Group’s dividend payout ratio is 371.13%.

Altria Group Company Profile

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Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

See Also

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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